While economic freedom is declining around the world, Vietnam is bucking the general trend, with lot of work to do to join the ranks of economically free countries, said Rainer Zitelmann in his recent article published by Washington Examiner.

The economy of Viet Nam is going though a dynamic shift, marked by robust growth and the development of several key trends supporting a stronger looking future, noted Asia- wide consulting network Asian Insiders in a recent article.

Prime Minister Pham Minh Chinh on March 14 chaired a conference launching this year’s monetary policy-related tasks to tackle production and business obstacles, facilitate growth, and maintain macro-economic stability.

The economy of Vietnam is going through a dynamic shift, marked by robust growth and the development of several key trends supporting a stronger looking future, according to an article recently published by asianinsiders.com.

Recovering consumption and production in addition to stronger global goods demand are expected to help Vietnam achieve the highest growth in ASEAN this year.

The current legal system does not have specific regulations on identifying key industries as well as specific policies to promote the development of these industries.

The newly elevated relationship between VN and the US to the comprehensive strategic partnership not only deepens the two countries’ diplomatic relations but translates as an opportunity for Washington to upgrade VN's recognition as a market economy.

The Vietnamese economy is forecast to expand at 5.5% in the first quarter of the year as manufacturing and trade regain momentum, according to the United Overseas Bank Limited (UOB).

Vietnam has overcome obstacles in recent years, from the Covid-19 pandemic to upheavals in the country and world, to gain encouraging achievements in economic development.

Vietnam’s gross domestic product (GDP) size was estimated at US$433.3 billion in 2023, ranking fifth in Southeast Asia, according to the latest figures released by the International Monetary Fund (IMF).

Vietnam’s gross domestic product (GDP) size last year was estimated to stand at about US$433.3 billion, ranking fifth in Southeast Asia, according to the latest figures released by the International Monetary Fund (IMF).

Overcoming Covid-19 and long-lasting difficulties caused by the pandemic, Vietnam’s businesses have once again shown resilience.

There are signs that the recovery is becoming more broad-based in Viet Nam, with marginal improvements in sectors like textiles and footwear, as well as machinery, highlighted HSBC in its report Viet Nam at a glance released on March 7.

The current robust development of digital technology, including artificial intelligence, has been providing Vietnam's economy with ample opportunities for growth, improved competitiveness, quality of products and services and production.

Domestic enterprises are suggested taking advantage of global supply chain shifts as Việt Nam is emerging as an attractive investment destination for global investors.

Vietnam remained an exception in attracting Foreign Direct Investment (FDI) on the global and regional scale last year. The Southeast Asian economy was also expected to attract a large amount of FDI this year, said economists and analysts.

Expansionary fiscal and loose monetary policies could be extended for another year when growth is considered a top priority, analysts noted.

According to a survey done by CBRE in November and December, Vietnam is just behind India in terms of attractiveness to investors.

This insight is derived from a report titled "Trade Finance in the Mekong Region", authored by the International Finance Corporation (IFC) and the World Trade Organisation (WTO).

Vietnam will enjoy favourable conditions to fuel its economic recovery this year despite the global moderate growth forecast, said Paulo Medas, head of the International Monetary Fund (IMF) team to Vietnam.